German company Sefe, which is better known by its former name Gazprom Germania, is negotiating to boost supplies of liquefied natural gas to Europe. It wants to provide coverage of consumption up to 300 terawatt hours per year.
Germany acts on liquefied natural gas in Singapore
“We are looking for ways to diversify natural gas supplies to Europe,” Egbert Laege, head of Sefe, said to Reuters. On his mission for liquefied natural gas, he went to Singapore, which pays for one of the world’s most important trading hubs, in terms of commodities.
Laege also mentioned that Sefe would need financial collateral from the Federal Government, up to the tune of just under ten billion euros. Sefe has been negotiating with many potential suppliers, among which is mining firm Shell.
Will there be a price corridor for full prices?
In addition, leaders of the European Union countries are negotiating to set a price corridor for gas prices, which would be able to make it cheaper. Details of the proposal, which comes from a joint workshop of Poland, Italy, Belgium and Greece, will be discussed during a meeting of representatives of the European 27 in Prague on Friday.
